Mortgage And Real Estate News

Sunday, February 23, 2014

Downtown Scottsdale sees boom in multifamily housing

Broadstone Waterfront

A growing number of people are going to be calling downtown Scottsdale home in 2014 and beyond with the completion of numerous multifamily projects.

The area is going to see even more towering cranes this year as ongoing apartment projects progress and construction starts on new ones. The most striking construction site has been Alliance Residential Co.’s Broadstone Waterfront, a 259-unit high-end apartment complex with 8,000 square feet of restaurant space along Marshall Way.

The project, south of the Nordstrom parking garage and along Via Soleri Drive, will complete the Scottsdale Waterfront. The first phase of the complex, which includes 65 units, will be ready for occupancy in May. Among those 65 units will be 17 two-story penthouses.

The complex is expected to be completed by the end of 2014.

Read more...Downtown Scottsdale sees boom in multifamily housing

Reuters: Business News

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